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TikTok Latest News on U.S.-China Status: ByteDance Says It Won’t Sell Algo: SCMP

TikTok’s parent ByteDance has decided it won’t sell or transfer the algorithm behind the video-sharing app in any sale or divestment, the South China Morning Post reported, citing a source briefed on the Chinese company’s boardroom discussions.

The company will not hand out the source code behind the social media platform but the company’s U.S. based technology team would be free to develop a new algorithm, the newspaper said, adding that this would be a condition for a sale of the company’s U.S. assets.

ByteDance and TikTok didn’t immediately respond to the newspaper’s request for comment.

Separately, Fox reporter Charles Gasparino tweeted on Sunday that any TikTok deal would probably require negotiations between the U.S. government and its Chinese counterpart to succeed.

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Software listings head biggest week for IPOs since Uber

Two of the largest US software listings in history will lead the biggest week for initial public offerings since Uber’s flotation last year, as companies cash in on the market’s hunger for technology stocks.

A dozen IPOs are set to raise $6.8bn, with half of the proceeds coming from three California tech listings, according to Refinitiv, a data provider. Snowflake, the cloud software business, will raise $2.2bn, and Unity, a video game software company, will raise $950m. Sumo Logic, another data software platform, will raise $281m.

The projected totals are based on the shares’ pricing at the midpoint of the ranges marketed to investors. 

Snowflake’s IPO will be the largest ever US software offering, eclipsing the 2007 listing of VMware and underlining the rising fortunes of enterprise software services, according to data provided by Renaissance Capital, a fund manager of IPO exchange traded funds. Unity would be the third-largest.

Column chart of Weekly proceeds raised ($bn)* showing US listings market heads for busiest week since Uber

“Many

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This giant scorpion is really a zero-gravity gaming chair and computer workstation

cluvens-iw-sk-scorpion-king-computer-gaming-office-reclining-chair-for-3-monitors

Behold the Cluvens scorpion chair and computer workstation.


Cluvens

If you’re looking for the ultimate computer workstation or esports gaming chair, and you want to pretend you’re trapped inside a giant scorpion, your dreams are about to come true. 

Behold the Cluvens IW-SK zero-gravity esports gaming chair and workstation. The elaborate chair and desk support one ultra-wide 49-inch monitor or three curved monitors measuring 27 inches each. The unusual contraption also has prebuilt HDMI/DP cables to connect to monitors.

“This is our new model of the year 2020 that’s in the shape of a scorpion. Comfortable recline up to 170 degrees,” the website states. The chair and desk are electrically controlled with one touch. 

The scorpion desk/chair setup retails on Alibaba for $1,900 (about £1,485, AU$2,608).

If this

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Insider Q&A: T-Mobile pushes internet for virtual school

T-Mobile is pushing to offer internet service to schools that are doing online learning with a program aimed at low-income students who don’t have access

NEW YORK — T-Mobile is pushing to offer internet service to schools that are doing online learning with a program aimed at low-income students who don’t have access. In the U.S., millions of students don’t have high-speed internet or computers at home — a difficult enough situation when it was just about trying to get homework done, but a much bigger problem when many school districts have moved part or all of the school day online during the coronavirus pandemic.

School districts are spending big to address the crisis. The L.A. Unified School District is investing $100 million in online learning, including computers and internet service for kids who don’t

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